Incremental Equivalent Notes definition

Incremental Equivalent Notes has the meaning assigned to such term in Section 6.05(n).
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Incremental Equivalent Notes means secured or unsecured notes issued by the Borrower; provided that (a) the aggregate outstanding principal amount of all Incremental Equivalent Notes shall not exceed (x) the sum of $200 million plus the amount of all voluntary prepayments applied to the principal amount of the Term Loans (less the aggregate principal amount of all Credit Increases made under the Term Loan Free and Clear Basket) plus (y) an unlimited amount so long as on the date of incurrence thereof, the Borrower is in compliance on a Pro Forma Basis as of the last day of the most recent fiscal quarter for which a Compliance Certificate has been delivered pursuant to Section 6.02(a) with a Consolidated Leverage Ratio of no greater than 4.00:1.00, (b) such Indebtedness does not mature on or prior to the date that is 91 days after the Latest Maturity Date in effect at the time such Incremental Equivalent Notes are issued, (c) to the extent secured, such Indebtedness is secured by all or a portion of the Collateral on a pari passu basis or a junior Lien basis with the Obligations and is not secured by any Lien on any asset that does not also secure the Obligations, (d) such Indebtedness is not guaranteed by any Person other than the Guarantors, (e) such Indebtedness does not require any mandatory prepayments to be made except to the extent required to be applied pro rata to the Term Loan Facility and any Incremental Term Loan Facility and any other Indebtedness (other than the Revolving Credit Facility) that is secured on a pari passu basis with the Term Loan Facility and (f) (x) if secured by all or a portion of the Collateral on a pari passu basis with the Obligations, such Indebtedness shall be subject to the Pari Passu Intercreditor Agreement and, if then in effect, the Second Lien Intercreditor Agreement and (y) if secured by all or a portion of all of the Collateral on a basis junior to the Obligations, such Indebtedness shall be subject to the Second Lien Intercreditor Agreement.
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Incremental Equivalent Notes means secured or unsecured notes issued by the Borrower; provided that (a) the aggregate outstanding principal amount of all Incremental Equivalent Notes shall not exceed (x) the sum of $200 million plus the amount of all voluntary prepayments applied to the principal amount of the Term Loans (less the aggregate principal amount of all Credit Increases made under the Term Loan Free and Clear Basket) plus (y) an unlimited amount so long as on the date of incurrence thereof, the Borrower is in compliance on a Pro Forma Basis as of the last day of the most recent fiscal quarter for which a Compliance Certificate has been delivered pursuant to Section 6.02(a) with a Consolidated Leverage Ratio of no greater than 4.00:1.00, (b) such Indebtedness does not mature on or prior to the date that is 91 days after the Latest Maturity Date in effect at the time such Incremental Equivalent Notes are issued, (c) to the extent secured, such Indebtedness is secured by all or a portion of the Collateral on a pari passu basis or a junior Lien basis with the Obligations and is
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More Definitions of Incremental Equivalent Notes

Incremental Equivalent Notes has the meaning assigned thereto in Section 10.1(s).
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Incremental Equivalent Notes means secured or unsecured notes issued by the Borrower; provided that (a) the aggregate outstanding principal amount of all Incremental Equivalent Notes shall not exceed (x) the sum of $200 million p lus the amount of all voluntary prepayments applied to the p rincipal amount of the Term Loans (less the aggregate principal amount of all Credit Increases made under the Term Loan Free and Clear Basket) plus
Sample 1
Incremental Equivalent Notes means secured or unsecured notes issued by the Borrower; provided that (a) the aggregate outstanding principal amount of all Incremental Equivalent Notes shall not exceed (x) the sum of $200 million plus the amount of all voluntary prepayments applied to the principal amount of the Term Loans (less the aggregate principal amount of all Credit Increases made under the Term Loan Free and Clear Basket) plus (y) an unlimited amount so long as on the date of incurrence thereof, the Borrower is in compliance on a Pro Forma Basis as of the last day of the most recent fiscal quarter for which a Compliance Certificate has been delivered pursuant to Section 6.02(a) with a Consolidated Leverage Ratio of no greater than 4.00:1.00,(b) such Indebtedness does not mature on or prior to the date that is 91 days after the Latest Maturity Date in effect at the time such Incremental Equivalent Notes are issued, (c) to the extent secured, such Indebtedness is secured by all or a portion of the Collateral on a pari passu basis or a junior Lien basis with the Obligations and is not secured by any Lien on any asset that does not also secure the Obligations, (d) such Indebtedness is not guaranteed by any Person other than the Guarantors, (e) such Indebtedness does not require any mandatory prepayments to be made except to the extent required to be applied pro rata to the Term Loan Facility and any Incremental Term Loan Facility and any other Indebtedness (other than the Revolving Credit Facility) that is secured on a pari passu basis with the Term Loan Facility and (f) (x) if secured by all or a portion of the Collateral on a pari passu basis with the Obligations, such Indebtedness shall be subject to the Pari Passu Intercreditor Agreement and, if then in effect, the Second Lien Intercreditor Agreement and (y) if secured by all or a portion of all of the Collateral on a basis junior to the Obligations, such Indebtedness shall be subject to the Second Lien Intercreditor Agreement.
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Related to Incremental Equivalent Notes

  • Incremental Equivalent Debt has the meaning assigned to such term in Section 6.01(a)(xxiii).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

  • Registered Equivalent Notes means, with respect to any notes originally issued in a Rule 144A or other private placement transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.